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WHAT IS SERVICE TAX.

Answers were Sorted based on User's Feedback



WHAT IS SERVICE TAX...

Answer / guest

it is a tax which is taxed on service done to a customer

Is This Answer Correct ?    15 Yes 0 No

WHAT IS SERVICE TAX...

Answer / smita

Service Tax is indirect tax which is collect by Central
Govt.Service Tax is payable only when service is received in
India. Service Tax is paid on service,but when turn over
exceed above Rs.9,00,000/- then registration is compulsory &
ore than rs 10,00,000/-then applicable for billing.Service
Tax rate is 10.30%.Service provider should register within
30 days from date of commencement of providing taxable
service.Mandatory interest for late payment of service tax
is 13%.Every person liable to pay service tax has to submit
half yearly return in form ST-3 in triplicate within 25 days
of the end of the half-year [Rule 7]. Late fees up to Rs
2,000 are payable if return is filed late.

Is This Answer Correct ?    8 Yes 0 No

WHAT IS SERVICE TAX...

Answer / harendra pal

service tax is the indirect tax.service tax reccive on
providing service.

Is This Answer Correct ?    6 Yes 0 No

WHAT IS SERVICE TAX...

Answer / kasturi

Service Tax is a form of indirect tax imposed on specified
services called "taxable services"

Is This Answer Correct ?    4 Yes 0 No

WHAT IS SERVICE TAX...

Answer / syed imtiyaz

Service Tax was introduced in India in 1994 by Chapter V of
the Finance Act, 1994. The service tax is charged for
service taken from others. The tax is paid to Govt Form TR-6
for payment of service tax

Is This Answer Correct ?    3 Yes 0 No

WHAT IS SERVICE TAX...

Answer / ayyappa nayar

It is an indirect tax, The Government levy tax for the
service provided is called the service tax.

Is This Answer Correct ?    2 Yes 0 No

WHAT IS SERVICE TAX...

Answer / shiva

service tax is a tax which tax recieved on service
and it is pay to government it is the service tax any
doubt contact me at 09848083705 or mail me
sreshtashiva@yahoo.co.in

Is This Answer Correct ?    3 Yes 2 No

WHAT IS SERVICE TAX...

Answer / arti

service tax is the tax which is received on service & it is
paid to government.

Is This Answer Correct ?    3 Yes 2 No

WHAT IS SERVICE TAX...

Answer / deepak bendwal

service tax rate is 10.3% on services
if you have a contractor & you done project work
service tax on charge 33% of project cost & renaming 67% is
chargeable on vat 5%

Is This Answer Correct ?    1 Yes 0 No

WHAT IS SERVICE TAX...

Answer / shreya parekh

service tax applicable both service you received & you
provide service tax rate 12.36%

service tax is a tax which tax recieved on service
and it is pay to government

service tax is the indirect tax.service tax reccive on
providing service

Is This Answer Correct ?    1 Yes 0 No

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More Taxation Interview Questions

what is the scope of business taxation in private company?

0 Answers   Reliance,


how to calculate tds on salary

1 Answers  


what is works contract tax? if a contractor made a bill as repairs to machinary 00000000/- service tax 12.36% on 40% on basic value Vat 5% on 60% of the basic value of the bill amount how can i deduct works contract tax? please suggest me?

0 Answers  


Which book is best for fringe benefit tax ( FBT )

1 Answers  


Dear Sir, I am working in account department. I want to know, Why service tax rate is change in every type of service. For Example - Rent Bill Service Tax Rate - 10.30% Taxi Bill - Service Tax Rate - 4.12% Why it change

0 Answers  


I had purchased a plot in Nov. 2002 for Rs 18lacs and spent about 20Lacs on its construction. Property is jointly owned by me with my husband in the ratio of 1/3:2/3. I am selling this property for 3cr. How much capital gain I/we have to pay? And can it be set off by purchasing new residential property? If so, can we purchase two separate residential properties, one in my name and one in the name of my husband, which could cover the capital gain amount. Can we do so or it is only purchase of one residential property against which capital gain can be set off. Please clarify.....

0 Answers  


What is the penalty of non payment or late payment of Service Tax, VAT, TDS?

0 Answers  


Why Tds is not deducted on service tax amount of rent bill(let out for business purpose).

2 Answers   Mphasis, VNS Accessories,


A Accounts Manager of a Company ask You have complete knowledge about income tax. The question is that What things involve in complete income tax

5 Answers   ICICI,


we have got a bill of maintinance charges (material Bill only. bill amount is rs. 5000/- now my question is how much wct we have to cut.

1 Answers  


what is service tax charged in india

4 Answers  


While depositing cash at any bank above then Rs 50K, we need to provide PAN Card or we have to fill form 60, but tell me why a person needs to sign FORM 60 if he is paying installments of >50K of Loan availed by him/her earlier? As if he is repaying Loan, not depositing in his A/c?

0 Answers   Banking,


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